APRA to collect more granular data
The Australian Prudential Regulation Authority (APRA) has proposed an update to its reporting requirements around Credit Risk Management, designed to improve APRA’s ability to monitor risk. The updated draft ARS 220.0 will collect more detailed and granular data on authorised deposit-taking institutions (ADI’s) credit exposures and provisions.
The new standard is intended to align with the final version of the Prudential Standard APS 220 Credit Risk Management, released in December 2019, which will come into effect from 1 January 2022. The first reporting period for the new data collection will be in March 2022.